Investing.com - ConocoPhillips (NYSE:COP) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ConocoPhillips announced earnings per share of $0.45 on revenue of $6.16B. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $6.23B. That with comparison to EPS of $1 on revenue of $10.06B in the same period a year before.ConocoPhillips had reported EPS of $0.76 on revenue of $8.14B in the previous quarter.Analysts are expecting EPS of $-0.61 and revenue of $3.79B in the upcoming quarter.
ConocoPhillips shares are down 35% from the beginning of the year and are trading at $42.21 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.4% year to date.
ConocoPhillips follows other major Energy sector earnings this month
ConocoPhillips's report follows an earnings missed by Royal Dutch Shell ADR on Thursday, who reported EPS of $0.37 on revenue of $60.03B, compared to forecasts EPS of $0.52 on revenue of $65.15B.
BP ADR had matched expectations on Tuesday with first quarter EPS of $0.24 on revenue of $59.54B, compared to forecast for EPS of $0.24 on revenue of $48.03B.
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